Midford transfers 25% of Financial and Industrial to NAS
MedFair Egypt for Investment announced the restructuring of its ownership stake in Egyptian Financial and Industrial Company by transferring 25% of the shares to NASS for Investments Holding Limited, with a total value of approximately 5.0125 billion Egyptian pounds. Following the transaction, MedFair's stake in the company decreased from about 33.03% to 8.03%, while NASS acquired a 25% share. However, ownership ties between the parties within the shareholder structure remain. The operation was approved by the Financial Regulatory Authority and is part of efforts to reorganize investments within the shareholder-owned structure.
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